@manator
ETF specialist and founder of the ETF Institute Nate Geraci on the Ethereum Spot ETF launch (slightly amended for readability):
„Ex-ETHE, well over $1 billion came into spot eth ETFs this week.
A portion was clearly recycled from ETHE from Grayscale Trust, but this was nowhere close to be the primary driver IMO.
I think it was a highly successful debut.
Another way to think of this is investors wanted $1+ billion ETH exposure via TradFi rails - in just *4* days. 👀‼️
https://x.com/nategeraci/status/1817030015701111094?s=12
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